Evolution Wealth Advisors LLC Has $15.55 Million Holdings in SPDR Gold Shares (NYSEARCA:GLD)

Evolution Wealth Advisors LLC decreased its position in SPDR Gold Shares (NYSEARCA:GLD) by 10.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,587 shares of the exchange traded fund’s stock after selling 8,890 shares during the quarter. SPDR Gold Shares makes up 3.0% of Evolution Wealth Advisors LLC’s investment portfolio, making the stock its 6th largest position. Evolution Wealth Advisors LLC’s holdings in SPDR Gold Shares were worth $15,550,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Personal Financial Services purchased a new stake in shares of SPDR Gold Shares in the 4th quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of SPDR Gold Shares during the 4th quarter worth approximately $26,000. Northwest Investment Counselors LLC bought a new position in shares of SPDR Gold Shares in the 1st quarter worth approximately $26,000. Gold Investment Management Ltd. purchased a new position in shares of SPDR Gold Shares in the 4th quarter valued at approximately $27,000. Finally, Security National Bank bought a new stake in shares of SPDR Gold Shares during the first quarter valued at approximately $28,000. 42.19% of the stock is owned by institutional investors.

SPDR Gold Shares Price Performance

GLD traded up $2.43 during trading on Wednesday, reaching $217.99. The stock had a trading volume of 4,979,439 shares, compared to its average volume of 7,279,199. The stock’s 50 day moving average is $216.21 and its two-hundred day moving average is $203.32. SPDR Gold Shares has a one year low of $168.30 and a one year high of $225.66.

SPDR Gold Shares Company Profile

SPDR Gold Trust (the Trust) is an investment trust. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust’s business activity is the investment of gold. The Trust creates and redeems Shares from time to time, but in one or more Baskets (a Basket equals a block of 100,000 Shares).